Thursday, March 8 at 1:00pm, on site
16 - 18 Bay Road, Sandringham
The first major retail property in Sandringham to hit the market over the past two years is to be auctioned on Thursday, March 8 at 1:00pm, on site. The two adjoining retail shops, which are to be sold as one, are on the doorstep of Sandringham’s beach and station, and provide opportunities for owner occupiers, investors and developers alike.
“Sandringham is currently booming, and this rare property offers so many options to take advantage of the high incomes and family demographics of the area,” explains Senior Sales and Leasing Executive, Julian Vautin. “With a new injection of experienced foodies coming into the area, Sandringham Village continues to evolve as a premium food, shopping and residential destination.”
Sally-Anne McQuillan, Sales and Leasing Executive, adds, “The development potential of this property is also significant, particularly with a growing downsizer market in Sandringham. There have been several new, multi-level mixed-use projects recently completed nearby, and this is the ideal beachside location for developers to benefit from strong residential and commercial demand (STCA).”
Set on prime Commercial 1 zoned land of 382sqm, and with rear access and parking, each shop is approximately 95sqm. The potential investment income when fully leased is estimated at $110,000 net per annum, plus GST.
Inspect as advertised or by appointment. Open for inspection on:
- Thursday, February 15 from 11:00am to 11:30am
- Thursday, February 22 from 11:00am to 11:30am
- Thursday, March 1, from 11:00am to 11:30am
For further details, please contact:
0420 406 660
0400 203 203